Analysts see volatility but no contagion after Greek vote

Euro and European equities rebound from initial losses

The victory of anti-austerity party Syriza at the Greek parliamentary elections has raised the possibility of the country exiting the European monetary union. Party leader Alexis Tsipras has said he intends to renegotiate the terms of the €240 billion worth of international bailout, which could set the wheels of a Grexit in motion.

The vote slammed EUR/USD down to an 11-year low of 1.1098 during the Asian trading session before rebounding and settling just above 1.12 in European hours. Greek

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